4,526 Shares of Teledyne Technologies Incorporated $TDY Bought by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. bought a new stake in Teledyne Technologies Incorporated (NYSE:TDY) during the third quarter, HoldingsChannel reports. The firm bought 4,526 shares of the scientific and technical instruments company’s stock, valued at approximately $2,746,000.

A number of other institutional investors have also modified their holdings of the stock. Chicago Partners Investment Group LLC increased its holdings in Teledyne Technologies by 94.2% in the third quarter. Chicago Partners Investment Group LLC now owns 944 shares of the scientific and technical instruments company’s stock valued at $590,000 after buying an additional 458 shares during the last quarter. Integrity Alliance LLC. acquired a new stake in Teledyne Technologies during the third quarter valued at approximately $278,000. Oregon Public Employees Retirement Fund lifted its holdings in Teledyne Technologies by 0.3% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 5,698 shares of the scientific and technical instruments company’s stock worth $3,458,000 after buying an additional 19 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in Teledyne Technologies by 422.2% during the 3rd quarter. Bell Investment Advisors Inc now owns 47 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 38 shares during the last quarter. Finally, Columbia Bank lifted its holdings in Teledyne Technologies by 7.6% during the 3rd quarter. Columbia Bank now owns 664 shares of the scientific and technical instruments company’s stock worth $403,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Teledyne Technologies Stock Down 4.8%

TDY stock opened at $631.98 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.31 and a debt-to-equity ratio of 0.18. Teledyne Technologies Incorporated has a fifty-two week low of $483.02 and a fifty-two week high of $697.67. The firm’s 50-day simple moving average is $619.58 and its 200 day simple moving average is $634.41. The stock has a market cap of $29.10 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.44 and a beta of 0.89.

Teledyne Technologies (NYSE:TDY) last issued its quarterly earnings data on Wednesday, October 21st. The scientific and technical instruments company reported $6.72 earnings per share for the quarter, beating the consensus estimate of $6.17 by $0.55. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Teledyne Technologies had a net margin of 15.75% and a return on equity of 10.89%. Teledyne Technologies’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $5.57 EPS. As a group, sell-side analysts predict that Teledyne Technologies Incorporated will post 25.58 EPS for the current year.

Analyst Upgrades and Downgrades

TDY has been the subject of several research reports. Morgan Stanley lifted their target price on Teledyne Technologies from $715.00 to $725.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Weiss Ratings raised Teledyne Technologies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. Needham & Company LLC upped their price target on Teledyne Technologies from $760.00 to $775.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Zacks Research cut Teledyne Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Barclays lifted their price objective on shares of Teledyne Technologies from $640.00 to $646.00 and gave the stock an “equal weight” rating in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $731.83.

Insider Activity at Teledyne Technologies

In other Teledyne Technologies news, Director Simon Lorne sold 6,449 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $680.34, for a total value of $4,387,512.66. Following the sale, the director owned 55,783 shares in the company, valued at approximately $37,951,406.22. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.36% of the company’s stock.

Teledyne Technologies Company Profile

Teledyne Technologies Incorporated (NYSE: TDY) is an industrial technology company that develops and manufactures sophisticated electronic, digital imaging, aerospace and defense products. Its offerings are used in commercial, industrial, scientific, government and defense applications where sensing, imaging, measurement and data processing are important.

The company’s businesses include digital imaging sensors and cameras, scientific instruments, environmental and marine monitoring systems, aerospace and defense electronics, communications equipment, data-acquisition systems and engineered components.